6 votes

Fred Smith on the power of the Fed and inflation Part 2

Fred Smith on the power of the Fed and inflation Part 2

http://youtu.be/5MzwMQAUnnw

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Jan Helfeld's picture

Is capital invested per worker the key metric ?

Is capital invested per worker the key metric to determine wealth?

Jan Helfeld

Jan Helfeld's picture

THE ROLE OF CAPITAL INVESTMENT IN AN ECONOMY

THE ROLE OF CAPITAL INVESTMENT IN AN ECONOMY - SEE Part 2 & 3.

Jan Helfeld

Cyril's picture

Thank you for sharing Jan.

Thank you for sharing Jan.

I watched the video after commenting below, and although he does seem to have some common sense, he also sounds a bit confused or uneasy with what to think, really in-depth, of the topics you presented him - esp. re: the exact, proper role of savings.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Jan Helfeld's picture

Thank you for your support and comment.

Thank you for your support and comment.

Jan Helfeld

SteveMT's picture

Yup, Cyril.

He agrees in general, but does not want to be nailed-down on the specifics. He's "hedging!"

Jan Helfeld's picture

Good point

Good point.

Jan Helfeld

Cyril's picture

LOL "Et voila!" a witty pun... You couldn't help, could you?!

LOL. "Et voila!" a witty pun... You couldn't help, could you?!

:)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Jan Helfeld's picture

WHAT IS THE ROLE OF SAVINGS IN AN ECONOMY?

WHAT IS THE ROLE OF SAVINGS IN AN ECONOMY?

Jan Helfeld

Cyril's picture

1, 2, 3, 4, ...

1) open-end** for future investments, in entreprises or whatnot (short/mid/or long term)
2) backups for continued self-reliance (retirement, healthcare, etc)
3) wealth transmission to heirs (legacy)
4) charity / other selfless endeavors not expecting/counting on any specific ROI (any time)
5) others?

** i.e., the use of which isn't necessarily planned/contemplated in advance by the saver

'HTH,

P.S.
Disclaimer: but again, I'm no economist...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Jan Helfeld's picture

Does inflation cause a disincentive to save?

Does inflation cause a disincentive to save?

Jan Helfeld

Cyril's picture

"Well, duh."

"Well, duh." - would be my answer.

(The math behind it being accessible to a 10 year old, just IMO.)

Still a useful question to ask, though (if only to expose the frauds) considering all the brainwashing going on in the opposite direction, these days... :/

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius